Research On The Risk Assessment Of Local Government Debt Default In China

The audit results show that the local government debt is large and the burden is heavy. The debt problem of local government should be paid more attention, and it has become an urgent issue to discuss the problem of the default of local government debt.Object on the local government debt, this paper uses comprehensive evaluation method for the risk assessment, the main work and conclusions are reflected in the following 4 aspects.Firstly, review the domestic and foreign papers about the meaning, classification, measurement,and influencing factors and determine the research direction and theoretical basis, and then define the relevant concepts, clear the local government debt and local government debt default risk, explain from the theoretical basis and institutional basis of local government financing behavior.Subsequently, analyze the current situation of local government debt in China combined with the report of the audit department, realize its form and reasons.In the data analysis part, this paper reflects the characteristics of local debt and debt in our country, and based on the construction of the local government debt default risk evaluation system which is in line with our national conditions.The conclusions of this paper is the corresponding countermeasures and suggestions for the local government debt default risk.